Apollo to go in for overseas listing; Deloitte, Haskins & Sells to helpnews

Our Markets Bureau07 August 2003

Chennai: Apollo Hospitals has entrusted Deloitte, Haskins & Sells with the task of calibrating its accounts to meet norms for an overseas listing.

"We are thinking of giving a lot of work to Deloitte to prepare for US GAAP," says SK Venkataraman, chief financial officer, Apollo.

Apollo's decision to prepare for an overseas listing comes in the wake of a growing international dimension to its business. The company claims that it is the third-largest private healthcare company in the world.